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Demand for office space in the vicinity of a newly established commercial space
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management.
2016 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
Efterfrågan på kontorslokaler i närområdet av en nyetablerad handelsplats (Swedish)
Abstract [en]

The locations surrounding is a primary factor for office tenants when chosing space. What makes the location attractive, however, depends on a number of factors for instance the  office tenants' individual preferences. This thesis aims to Explain  how an area and it’s surrounding office buildings are affected by the establishment of a new commercial space.

Futhermore, we have more closely studied Mood Stockholm which is one of the newest and most exciting commercial spaces in Stockholm.

The area around Mood Stockholm was previously forgotten and lacked movement of people.

Even though the property is located in Stockholm CBD which generally has a high demand and market rents, the property’s vicinity was not that attractive. The results of this study shows that the commercial space has brought life into the area by bringing an increase of

people  and in turn a higher number of urban activities and services. The general street environment has also been improved. It can therefore be concluded that the commercial space has increased the  area's attractiveness.

 

The results also showed that the establishment of Mood Stockholm has increased the activity and movement in the area. This in turn has created a safer environment in the neighborhood. The establishment of the commercial space has Also  led to a higher demand for office premises in the neighborhood and increased rent levels. It has also been found that the area has gone from a level –B area to a level--‐A area which indicates an increased willingness to pay a higher price for the rented space. The attractiveness of the area, however, has also been affected by other factors where cooperation between property owners in the area have been shown to have a significant impact on the area's development.

Place, publisher, year, edition, pages
2016. , 37 p.
Series
TRITA-FOB, FaV-KANDIDAT-2016:13
Keyword [en]
Mood Stockholm, CBD, offices, tenants, attractiveness, location, demand, rents
Keyword [sv]
Mood Stockholm, CBD, kontorslokaler, hyresgäster, attraktivitet, läge, efterfråga, hyresnivåer
National Category
Engineering and Technology
Identifiers
URN: urn:nbn:se:kth:diva-191462Archive number: 349OAI: oai:DiVA.org:kth-191462DiVA: diva2:956584
Supervisors
Examiners
Available from: 2016-08-30 Created: 2016-08-30 Last updated: 2016-08-30Bibliographically approved

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